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835 River Oaks Drive Shreveport, LA 71104

3 Beds 2 Baths 1,457 sqft Built 1984

$142,000

List Price

$890

$801 - $979

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $97.46
  • 2 Days on Market
  • MLS # : 14536008
  • Updated Date : 03/20/2021 at 17:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,457 sqft
  • Baths : 2 full
Listing Agent

Exp Realty, Llc

Listing Agent's Description

*BEAUTIFUL WATERFRONT HOME IN WRIGHT ISLAND CLOSE TO BARKSDALE AFB! * REMODELED 3 BEDROOM, 2 BATHROOM, LARGE LIVING ROOM WITH VAULTED CEILING, 2 CAR GARAGE! * CUSTOM DECK WITH A VIEW! * WONT LAST LONG, SCHEDULE A TOUR TODAY!*

SEE MORE

MARKET HIGHLIGHTS

  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)

PRICE & RENT TRENDS

Neighborhood: Wright Island

NeighborhoodNIR Market*CityMarket2010Year2004 Q3201975k80k85k90k95k100k105k110k115k120k125k130kPrice in $73k134k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Wright Island

NeighborhoodNIR Market*CityMarket2015Year2009 Q32019 Q28509009501000105011001150Rent in $8101159

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Central Park Elementary School Primary Regular 391 30 4
Rusheon Middle School Middle Regular 593 40 3
Bossier High School High Regular 661 42 2

Central Park Elementary School

  • Education Level: Primary
  • # of students: 391
  • # of teachers: 30
4
GreatSchools Rating

Rusheon Middle School

  • Education Level: Middle
  • # of students: 593
  • # of teachers: 40
3
GreatSchools Rating

Bossier High School

  • Education Level: High
  • # of students: 661
  • # of teachers: 42
2
GreatSchools Rating
 

$127,800$156,200$142,000

PURCHASE PRICE

$801$979$890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $890
EXPENSES Loan Payment -$493
Property Tax -$182
Property Insurance -$55
Property Management Fees -$99
CASH FLOW
$61

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.

$142,000

PROJECTED PRICE

$890

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 1.87%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 8.23%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k

PROJECTED ANNUAL CASH FLOW

11530-$1.0k$0.0$1.0k$2.0k$3.0k$4.0k$5.0k$6.0k$7.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$50k$100k$150k$200k$250k$300k$350k$400k$450k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$43,380

INVESTMENT

$43,380

Down Payment
$35,500
Rehab Estimate
$5,750
Closing Costs
$2,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $35,500
Loan Amount $106,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$6,281

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $890

    LIST RENT
  • $0.61

    LIST RENT PER SQFT
  • $845

    COMP ESTIMATED VALUE
  • $0.58

    COMP AVG. RENT PER SQFT
Comps Range
$850
1$8502$8903$900
$900
RENT COMPS ANALYSIS
  • 835 River Oaks Drive Shreveport, LA 2
    • 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $890
    • $0.61
    •  
  • 151 Egan Street Shreveport, LA 1
    • 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,450 Sqft ∙ Built 2001
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $850
    • $0.59
    •  
  • 300 Jackson Bossier City, LA 3
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 1981
    LEASED 03/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $900
    • $0.57
    •  
PROPERTY LISTING DETAILS
Ashley Carpenter
Exp Realty, Llc
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14536008
Last Updated: 03/20/2021
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